Payroll Processing, Pension, & Management Training

Training Description

A condensed outline for a comprehensive 5-day payroll training program in the UK:

Day 1: Payroll Fundamentals and Setup

·         Introduction to UK Payroll.

·         Legal Obligations and Compliance.

·         Registering as an Employer with HMRC.

·         Setting Up Payroll Software.

·         Understanding Tax Codes and Tax Bands.

·         National Insurance Contributions (NICs) Explained.

Day 2: Income Tax Deductions and Calculations

·         Income Tax Rates and Thresholds.

·         PAYE (Pay As You Earn) System.

·         Calculating Income Tax Deductions.

·         Handling Tax Code Changes.

·         Dealing with Student Loan Deductions.

·         Practice: Calculating Income Tax Deductions.

Day 3: National Insurance and Statutory Payments

·         Types of National Insurance Contributions (NICs).

·         NICs Rates and Thresholds.

·         Calculating NICs for Employees and Employers.

·         Statutory Sick Pay (SSP) and Statutory Maternity Pay (SMP) Explained.

·         Statutory Paternity Pay (SPP) and Statutory Adoption Pay (SAP).

·         Practice: Calculating NICs and Statutory Payments.

Day 4: Payroll Processing and Reporting

·         Payroll Processing Cycles (Weekly, Monthly, etc.).

·         Overtime, Bonuses, and Commissions.

·         Generating Payslips and Distributing to Employees.

·         HMRC Reporting (Real Time Information - RTI).

·         Year-End Reporting: P60s and P45s.

·         Practice: Processing Payroll and Generating Reports.

Day 5: Advanced Topics and Troubleshooting

·         Pensions Auto-Enrolment Requirements.

·         Workplace Pensions: Contributions and Schemes.

·         Handling Other Deductions (e.g., Union Dues, Charitable Contributions).

·         Deductions for Company Benefits and Expenses.

·         Employee Share Schemes.

·         Payroll Auditing and Quality Control.

·         Final Assessment and Certification.

This condensed 5-day payroll training program provides a solid foundation in UK payroll, covering essential topics and practical exercises to reinforce learning.